PSL 36.4% 1.5¢ paterson resources ltd

Ann: Trading Halt, page-8

  1. 3,333 Posts.
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    People you just dont have that level of share volume approx. 130m in one day and a close of between 1.1c to 1.2c (1.2c CHI-X accounting for approx. 50% of volume ) and a VWAP (Volume weighted average price of 1.2c ) unless something significant was around the corner - seen it many a time and after watching the volume churn around 1. 2c for most of the day, it was a no brainer for me to jump in at 1.2c -

    As far as the wording "SIGNIFICANT" being used, announcement should be a positive result for us holders and pending on news i would expect a strong open.

    Divestment/ or major company JV could be a possibility or a acquisition of some kind - so until announcement comes out its all speculation on our behalf


    GLTA

    Cheers G101
    Last edited by Graphite101: 13/03/17
 
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